Real Estate Investing in Southern Pines, North Carolina (28387)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 28387 (Southern Pines, NC)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 11.4% vacancy may signal weakening demand.
What’s happening in Southern Pines, NC (28387)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 28387 Southern Pines
ZIP 28387 in Southern Pines, NC carries a sturdy set of headwinds. Home values near $456K and rents of $1,877/mo sit inside a market where underwriting has to be tight.
Rent of $1,877/mo on a $456K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 28387 sits below the stated 0.0% once reality is priced in.
Stepping back, 28387 offers a low basis, the region around Southern Pines has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Resident income in 28387 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
looks to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Southern Pines:
Property Strategy for 28387
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $299,764 | $1,350 | 3.2% | +9.2% | $149,882 |
| 3BR | $424,939 | $1,880 | 3.2% | +9.4% | $141,646 |
| 4BR | $614,254 | $2,260 | 2.6% | +9.6% | $153,563 |
| 5BR | $721,237 | — | — | +8.3% | $144,247 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 28387 Compare?
| Metric | 28387 | Southern Pines | Pinehurst-Southern Pines, NC | North Carolina |
|---|---|---|---|---|
| Home Value | $455,628 | $455,628 | N/A | $330,565 |
| 5-Year CAGR | 6.1% | 6.1% | N/A | 7.8% |
| Avg Rent | $1,877 | $1,877 | N/A | - |
| Cap Rate | 3.2% | 3.2% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 28387 (Southern Pines, NC). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 28387 (Southern Pines, NC)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $455,628 |
| Monthly Rent | $1,877 |
| Price-to-Rent | 20.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 9.3% |
📈 Home Appreciation
| 1-Year | +1.5% ▲ |
| 3-Year CAGR | +2.4% ▲ |
| 5-Year CAGR | +6.1% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 Rent Trends
| 1-Year | +11.3% ▲ |
| 3-Year CAGR | +4.0% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.2%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 28387
Population: 15,643
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 28387
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 1,086 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is it like being a landlord in Southern Pines, NC?
NC ranks as a landlord-friendly state for landlord-tenant law. Southern Pines generally follows the statewide framework, so landlords face reasonable operating rules.
How strong is the working-renter base in Southern Pines, NC?
The renter base in Southern Pines, NC is reasonable for the $1,877/mo price point. Screening well and pricing to market typically yields steady tenants.
Where do rents currently stand in Southern Pines, NC?
The typical rental in Southern Pines, NC commands about $1,877/mo monthly. That rent profile stable cash flow against the $456K purchase basis.
Does Southern Pines, NC make sense for an investment property?
With a 3.0/5 investability score, Southern Pines, NC ranks as a solid market for rental property investors. Median prices of $456K and rents of $1,877/mo drive the underlying numbers.
What is the average home sale price in Southern Pines, NC?
Typical homes in Southern Pines, NC go for around $456K. The 5-year CAGR of 0.0% measured price movement.
You know 28387 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 28387 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 28387 ranks in Pinehurst-Southern Pines, NC
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 28387 (Southern Pines)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 28387 (Southern Pines, NC).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.